St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-19
AN EvENTFUL WEEK.
Sorrowful, Startling and Pc
culiar Happenings in
California.
Death and Funeral of Gov.
Bartlett---Succeeded By
a Republican.
Senator Fairs Money Put Into
the Nevada Bank Just
at the Right Time.
Speculation on the Deal
Does it Mean Ultimate
Revenge on Maekay?
Special to the Globe.

SAN FRANCISCO, Sept. 1S.-The past
week afforded various and important
topics for discussion by the public. In
deed, so unexpected and important were
some of them that it is great surprise
that commercial affairs were not seri-
ously disturbed, as they undoubtedly
would have been under similar circum-
stances in almost any Eastern city. The
first event of note occurred on Monday,
when Gov. Washington Bartlett de-
parted this life at Oakland, where he
has been lying in precarious
condition for several weeks. The de-
ceased was Democrat, and his demise
brings into the Office of chief magistrate
of California r. w. Waterman, Republi-
can,a man acknowledged to be endowed
with honesty and large quantity of
common sense, but having little ac-
Quaintance with the amenities and pro-
prietieS of official life. He has already
intimated, in his inaugural address,
his favorable view of civil SER
vice laws. and it is be-
Heved he will make no sudden
changes in the offices to which he has
the appointive power. 1t is understood,
however, that he will place Republicans
in all such offices as fast as the terms of
the Democratic incumbents expire. He
has the fullest confidence of the whole
state, and the regret expressed over the
death of Gov. Bartlett is purely for the
man. No similar expression is heard
regarding the change of political admin
iStratiOn brought about by his decease,
notwithstanding that such change at
this time will materially affect the re-
suit in this state at the presidential cleo
ton next year. Gov. Waterman will
hold his office until Jan, 1, 1891.
THE NEVADA BANK.
Next in order came the announce
ment of change in the management of
the Nevada bank. The reconciliation
between James Fair and j. W. Mackay
led to numerous surmiSeS as to what it
portended, but none were bold enough
to guess that Fair would again throw
people. He has done so, however, and
now the street is busy striving to dis
cover the motive for his apparently
placing Goals of fire on his recent
enemy's head. Some credit him with
purely selfish motives. claiming that he
has bought into the bank and
secured control of it ON very
advantageous terms. Others again
say that he recognized the peculiarly
opportune time for getting into the
bank and cOnSummating plan of re-
venge against Mackay by forcing him
eventually out of it. Whatever the
cause for his action may be, it is certain
that he sees his way clear to come out
ahead with large gains. He came to the
rescue in the nick of time. The sum he
was placed in the trays of the bank
when most sorely needed. Not an hour
had elapsed when the money he had in
vested was
CALLED INTO SERVICE
to pay large claim ON the bank. The
incident was most dramatic in its char
acter. Had the money not been Oh
hand it is difficult to tell what the con
sequences would have been. The feat
on the part of the Nevada bank people
is worthy to rank with the performance
| of the Shrewd bank teller who, during a
run on his bank, heated several trays
of coin to give his customers the inn
preston that the bank was receiving its
resources fresh from the mint in unlim-
| tied quantities. There never was any
doubt of the solvency of the bank, but
ready cash was not plentiful with it
lately, and it is known that Flood had
been dispOSing of personal securities
and trying to sch real estate i'll this city
in order to keep pace with the demand
for cash recently made on the bank.
MAY MAKE UP.
Now that ex-senator Fair has become
a subject of public discussion in con-
nectiOn with the affairs of the Nevada
bank another story about him has come
to the surface. 1t is stated that it is not
one of the impossible things that he
should make up with his divorced wife
nd ~, in, h.
with her. 1t is well known that he has
no unkind feelings toward her and only
wishes her good. In fact he has been
magaging her property for some time
past.
A REVELATION.
The statements filed by William Dres-
bach and John Rosenfield ON Friday
last were a revelation to the public,
though not as comprehensive as they
might have been. They made clear, at
least, the connection of the Nevada
bank with the recent wheat deal, and
showed that the bank had advanced to
the manipulators nearly SS,000,000. For
| S6,500.000 the bank was guaranteed
| granger of YOlo county, who, it is
believed, was interested in the deal
as silent partner. 1t is now doubtful
| whether his resources will cover the
amount of his liability to the bank.
The most wonderful feature of the
transaction is the marked contrast be.
| tween the financering methods OF
| Dresbach and Rosenfeld. Dresbach
who before the deal was probably not
worth more than $4,000, succeeded in
obtaining credit to the amount OF
thirteen and half million dollars
while Rosenfeld, who was actually
worth million and half dollars
failed for only for four aud a half mil